Management Review

›› 2020, Vol. 32 ›› Issue (3): 323-336.

• Case Studies • Previous Articles    

Research on Ownership Structure Selections and State-owned Assets Supervision Modes under the Mixed Ownership Reform Background——A Multi-case Perspective

Shen Hao1,2, Yang Meiying1   

  1. 1. School of Economics and Management, Beihang University, Beijing 100191;
    2. National Audit Office of PRC, Beijing 100073
  • Received:2019-10-16 Online:2020-03-28 Published:2020-04-08

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Abstract:

Concerning the reform of state-owned enterprises in China, mixed ownership reform of state-owned enterprises is the significant breakthrough during the process. However, there are mismatches among the mixed ownership reform, the current policies and the supervising system.
In this study, typical cases of 5 central state-owned enterprises are selected, and they represent different types and levels. We conduct a research on the matching relationship between types of shareholding structures and modes of supervising state-owned enterprises, classifying assets into "state-owned holding", "state-owned sharing" and "overseas state-owned" ones. Also, it is an innovative way to use typical cases from state-owned enterprises to analyze the up-to-date situation of institutional reform and mixed ownership reform.
This paper mainly realizes the following works. Firstly, it analyses the shortcomings of current state-owned assets supervision. Secondly, it studies the newly appeared issue of "fake participation" company. Thirdly, it mentions the changes of state-owned assets policies and provides innovative ways of supervising state-owned assets, such as "co-management of state-owned holding and state-owned sharing companies" and "reverse supervision". Finally, it presents the framework and paths for future state-owned assets supervision.

Key words: state-owned enterprise, state-owned enterprise reform, mixed ownership, state-owned assets supervision